Bitcoin miner Cango has sold 4,451 Bitcoin on the open market, generating net proceeds of about $305 million it says were used to partially repay a Bitcoin‑collateralized loan and to strengthen its balance sheet.
The company said On Monday, the board approved after reviewing the details of this transaction. “current market conditions,” is intended to reduce financial leverage and provide additional capacity to fund its planned expansion into artificial intelligence (AI) and high‑performance computing (HPC) infrastructure.
Cango claimed that “strategic pivot” meant utilizing its “globally accessed, grid-connected infrastructure” It was announced that AI would benefit from distributed computing, which will be done in a staged manner.
Sale follows the a disposal Cango sold more Bitcoin (553,3 BTC),BTC) than it produced in January to support its near‑term growth initiatives after extreme cold and blizzards reduced uptime during the month.
The company has released its Feb. updateCango’s Bitcoin reserves were 7,474.6 BTC by the end that month. This was down from 7,528.3 BTC in December 2025.
AI is a powerful tool for mining companies.
Cango’s move reflects the shift that has occurred among Bitcoin miner companies as they seek to diversify revenues by providing power and capacity in data centers to AI and HPC users.
Other large mining‑linked groups are signing long‑term contracts to supply GPU‑based cloud capacity for artificial intelligence and HPC using power and data center infrastructure that was originally built for Bitcoin mining.
Bitcoin miner Iren, for example, agreed to a five‑year, $9.7 billion deal with Microsoft In November 2025, the company will provide AI computing power at its Texas campus. It has committed hundreds of Megawatts to GPU hosting contracts while maintaining one of industry’s biggest Bitcoin mining fleets.
These developments are taking place as post‑halving economics tighten across the sector in 2025. Cointelegraph Research data shows hashprice falling to multi‑year lows As margins were severely compressed, many miners operated at close to break-even levels at current prices and costs.
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Source: cointelegraph.com
